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Economic Times
5 hours ago
- Business
- Economic Times
IPO watch: Which Indian startups are next to hit the stock market?
The last few months have seen a surge in startups and new-age internet firms preparing for initial public offerings (IPOs), with some already filing their draft papers and others nearing completion of the process. Wakefit, a mattress and furniture maker, and Pine Labs, a merchant payments company, are the latest in the series of firms to file their IPO papers. The companies poised to enter the stock market belong to a wide range of sectors, from fintech to consumer goods and logistics. Here's a list of the companies in the run and their IPO plans: Companies that have filed IPO papers Wakefit: The company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), aiming to raise Rs 468 crore through a fresh issue. The funds will be used to open 118 new retail outlets and upgrade existing ones. The IPO also includes an offer-for-sale (OFS) component. Groww: This online investment platform has filed its DRHP confidentially. The IPO is estimated to be worth $700 million to $1 billion, and the shares will be listed on the NSE and BSE. Pine Labs: The Noida-based payments company is looking to raise Rs 2,600 crore through a fresh issue and an OFS of up to 147.8 million shares. It is backed by major investors like Mastercard, PayPal, and Temasek and is targeting a valuation of $4–$5 billion. Also Read: Decoding Pine Labs' DRHP: Fintech aims to raise Rs 2,600 crore via an IPO Shiprocket: Backed by Zomato and Temasek, this ecommerce enablement platform filed its IPO papers confidentially in May. It aims to raise Rs 2,000–2,500 crore, including a fresh issue of Rs 1,000–1,100 crore. Urban Company: The at-home services platform filed its DRHP in April for a Rs 1,900 crore IPO. This includes a Rs 429 crore fresh issue and a Rs 1,471 crore OFS by investors like Accel and Tiger Global. Boat: The parent company, Imagine Marketing, filed confidential IPO papers earlier this year. The company, however, said that this doesn't necessarily mean that it will launch the IPO. Boat is likely targeting a valuation exceeding $1.5 billion, which may change closer to the IPO filing date. Capillary Technologies: The customer engagement and loyalty provider filed for an IPO, including a Rs 430 crore fresh issue and an OFS of 18.3 million shares. This marks its second attempt at going public after shelving plans in 2021. Companies preparing to file IPO papers Meesho : The ecommerce platform has received shareholder approval to raise Rs 4,250 crore (about $500 million) through a fresh issue. Having recently shifted its domicile back to India, it is expected to file its DRHP in the next few weeks. Lenskart: Back in February, ET reported that the eyewear brand is planning a $1 billion IPO, with a target valuation of around $10 billion. The SoftBank-backed company has already converted into a public limited entity. Shadowfax: ET reported on Friday that this logistics startup plans to file its DRHP confidentially within a month. The IPO is expected to raise Rs 2,000–2,500 crore, with around half as a fresh issue. Zetwerk: The manufacturing unicorn plans to go public within the next 12 to 24 months and will start preparations for its listing in the ongoing fiscal year, founder and chief executive Amrit Acharya told its employees in April. PhonePe: The digital payments giant is aiming for a $1.5 billion IPO later this year, with plans to file its DRHP by August. The expected valuation is around $15 billion, up from $12 billion in 2023.
NDTV
5 hours ago
- Business
- NDTV
July 7 Public Holiday: Muharram Observance May Affect Schools, Markets, Banks, And Exchanges
Muharram, marking the beginning of the Islamic New Year, is expected to be observed in India on either July 6 or 7, 2025, depending on the moon sighting. While the official date is currently listed as July 6, it may shift to July 7 if the moon is not sighted in time. Closures on Muharram Observance On the day of observance, schools, colleges, government offices, post offices, and many private offices across India will remain closed. The public holiday applies to most regions of the country and is recognized as a day of national significance. Banks and financial institutions will also shut operations on the day of Muharram, affecting public banking services. Citizens are advised to complete essential transactions ahead of time. Stock Markets and Commodity Exchanges Closed Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will remain closed for trading on Muharram. The suspension will affect all segments, including equity, equity derivatives, SLB (Securities Lending and Borrowing), currency derivatives, and interest rate derivatives. The Multi Commodity Exchange (MCX) will remain shut during the morning session on the day of Muharram. However, trading will resume in the evening session from 5:00 PM to 11:30/11:55 PM. Significance of Muharram in Islam Muharram is one of the four sacred months in the Islamic calendar. The 10th day, known as Ashura, is particularly significant for Shia Muslims, who mourn the martyrdom of Imam Hussein ibn Ali, the grandson of Prophet Muhammad, at the Battle of Karbala in 680 AD.
News18
9 hours ago
- Business
- News18
Sambhv Steel Tubes IPO Allotment Date: GMP Rises Ahead of Listing, Check Subscription Status
Last Updated: The GMP of the Suntech Infra Solutions IPO is 17.07% today; its allotment is scheduled to be finalised on Monday, June 30. Sambhv Steel Tubes IPO Allotment Date: The Sambhv Steel Tubes IPO has received a strong 30.33x subscription on the final day of bidding on Friday, amid a decent GMP. Its grey market premium of 17.07% signals decent listing gains for investors. However, brokerage reports have recommended the company for the long-term play due to its fully backward integration. As the issue has closed, investors are awaiting its allotment. The allotment of the Sambhv Steel Tubes IPO is scheduled to be finalised on Monday, June 30. Sambhv Steel Tubes IPO: A Step-By-Step Guide To Check Allotment Status Once the IPO allotment is finalised, investors will start receiving bank debit messages, most probably in the evening on June 30. They can also check their allotment status on the websites of the NSE as well as registrar Kfin Technologies. The allotment status can be checked by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Sambhv Steel Tubes Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. and check the Sambhv Steel Tubes IPO allotment status. The allotment status can also be checked on the NSE's website at According to market observers, the GMP of the Suntech Infra Solutions IPO has increased to 17.07% currently. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Sambhv Steel Tubes IPO Listing Date The listing of Sambhv Steel Tubes Ltd's shares will take place on Wednesday, July 2, on both BSE and NSE. Sambhv Steel Tubes IPO: More Info The IPO consists of a fresh issue of equity shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore by the company's promoter and promoter group shareholders. It was open for public subscription between June 25 and June 27. On the final day of bidding on Friday, the Sambhv Steel Tubes IPO received a 30.33 times subscription, garnering bids for 1,40,13,19,920 shares as against the 6,58,69,293 shares on offer. The retail and NII participation stood at 8.56 times and 33.88 times, respectively. Its qualified institutional buyer (QIB) category got a 66.36 times subscription. The price band was fixed at Rs 77 to Rs 82 per equity share of face value Rs 10 each. Most brokerage firms gave 'subscribe' recommendations to the IPO, with most advising investors to take a long-term view due to Sambhv Steel's backward integration, new capacity ramp-up, and strong product portfolio. They added that growth prospects and debt reduction post IPO offer a compelling long-term case. As per the RHP, Sambhv Steel intends to use the net proceeds from the fresh issue primarily for pre-payment or scheduled repayment of certain outstanding borrowings, and the remaining amount will go towards general corporate purposes. Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. According to a Crisil report, the demand for domestic steel pipes and tubes is expected to have grown at a compound annual growth rate (CAGR) of 5-6 per cent to 12.50-13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The growth was led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in FY29 at 8-9 per cent CAGR between FY25 and FY29 on a high base, the report added. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
News18
9 hours ago
- Business
- News18
HDB Financial IPO Allotment Date: GMP Falls Ahead of Listing, Check Final Subscription Status
Last Updated: The GMP of the HDB Financial IPO is 7.70% today; its allotment is scheduled to be finalised on Monday, June 30. HDB Financial IPO Allotment Date: The HDB Financial IPO has received a decent 17.65x subscription on the final day of bidding on Friday, amid weak GMP. Its grey market premium of 7.70% signals muted listing gains for investors. As the issue has closed, investors are awaiting its allotment. HDB Financial Services IPO Allotment Date The allotment of the HDB Financial Services IPO is scheduled to be finalised on Monday, June 30. HDB Financial IPO: A Step-By-Step Guide To Check Allotment Status Once the IPO allotment is finalised, investors will start receiving bank debit messages, most probably in the evening on June 30. They can also check their allotment status on the websites of the NSE as well as registrar Link Intime. The allotment status can be checked by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'HDB Financial Services Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. and check the HDB Financial IPO allotment status. The allotment status can also be checked on the NSE's website at . According to market observers, the GMP of the HDB Financial IPO is 7.70% today. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. HDB Financial IPO Listing Date The listing of Suntech Infra Solutions Ltd's shares will take place on Wednesday, July 2, on both BSE and NSE. HDB Financial IPO: More Info The HDB Financial Services IPO is a Rs 12,500-crore issue, comprising a fresh issue of Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by parent HDFC Bank, which holds 94.3 per cent stake. The public issue is the biggest IPO of 2025 so far, surpassing the Rs 8,750-crore issue by Hexaware Technologies earlier this year. It was open for public subscription between June 25 and June 27. On the final day of bidding on Friday, the Rs 12,500-crore IPO received a 17.65 times subscription, garnering bids for 2,17,78,03,360 shares as against the 12,33,91,893 shares on offer. The retail and NII participation stood at 1.51 times and 10.55 times, respectively. Its qualified institutional buyer (QIB) category got a 58.64 times subscription. The IPO is primarily in response to the Reserve Bank of India's 2022 regulation mandating all large NBFCs categorised as 'upper layer" to be listed on the stock exchange by September 2025. About HDB Financial Services Founded in 2007, HDB Financial Services provides a broad range of retail loans under three business verticals — enterprise lending, asset finance, and consumer finance. It focuses on both secured and unsecured loans, including personal loans and loans against property, particularly catering to underbanked segments. As of September 30, 2024, the company had a gross loan book of Rs 98,620 crore, with a CAGR of 20.93% from March 2022. Its FY24 profit stood at Rs 2,460 crore, with a CAGR of 55.9% over FY22-FY24. In its DRHP, the company noted that its loan book is highly diversified, with the top 20 customers contributing less than 0.36% of total gross loans. The average loan ticket size was around Rs 1.45 lakh as of September 30, 2024. The company had initially filed its DRHP on October 30, 2023, and received SEBI's approval at the end of May 2025. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 28, 2025, 09:23 IST News business » ipo HDB Financial IPO Allotment Date: GMP Falls Ahead of Listing, Check Final Subscription Status
Mint
13 hours ago
- Business
- Mint
Bulls take the wheel as Nifty eyes lifetime high after breaking free
Mumbai: The Nifty 50 appears firmly on track to challenge its record high from last September after breaking out on Thursday from a one-and-a-half-month range-bound activity. Supported by bullish rollover signals from the June derivatives expiry, the index has turned former resistance into fresh support, even as foreign investors continue to pare equity holdings while domestic institutions keep pouring in funds. On Thursday, the bellwether index rose 1.2% to 25,549 on the expiry of the June series of derivatives, decisively breaching the 24,500-25,200 range that it had been stuck in since mid-May. Marketwide futures and options contracts expire on the last Thursday of every month. The Nifty 50 consolidated its gains further on Friday to close up 0.35% at 25,637.8, placing it just 2.5% away from its record high of 26,277.35 on 27 September last year. Rival benchmark BSE Sensex mirrored the trend, rising 1.2% to 83,755.57 on Thursday, and another two-fifths of a percent to 84,058.9 on Friday, ending just 2.28% shy of its record high of 85,978.25 on 27 September. The rollover data, which pertains to the NSE derivatives, showed that 80% of Nifty futures contracts were carried forward to the July series, up from the three-month average of 78%, per data from IIFL Capital Services. 'After close to one and half months of consolidation, Nifty is breaking out of an expanding triangle (bullish continuation pattern). We believe this opens space for the index to move towards its previous highs (26,200 levels)," read the IIFL Capital Services rollover report, further noting that the previous resistance of 25,200 had now become a strong support. This indicates an up-trending market, according to Kruti Shah, quant analyst at Equirus Securities. 'The Nifty has set its sights on its all-time highs with the decisive breaking of the 25,200 resistance," Shah said. The Nifty is expected to veer between a support and resistance of 25,380 and 25,920 next week, per options data. The bias for now is toward the upper end of the range, added Shah. The market rally has been driven by domestic inflows, especially from mutual funds, pension and insurance funds, even as foreign investors have remained net sellers. While foreign portfolio investors (FPIs) sold shares worth $10.7 billion from January 2025 through 20 June, domestic institutional investors or DIIs pumped in almost $40 billion over the same period, per Nitin Jain, CEO & CIO of Kotak Mahindra Asset Management (Singapore). Interestingly, while mutual funds accounted for 68% of the DII net inflows at $27 billion, the share of other domestic institutions like insurance and pension funds stood at $13 billion, which is higher than the $11 billion they invested in the whole of calendar year 2024.
